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This chapter is about radical innovation and disruptive technological change. Discovering the nature and mechanisms of … disruptive technological change can help to understand the long-run dynamics of innovation and map profound transformation in … here remain the cornerstone of a useful theory of innovation and change even in our current complex sociotechnical …
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exploited technological opportunities, this article contends that the possibilities for radical, paradigm changing innovations … are far from being exploited. Building on contributions from Schumpeter and Georgescu-Roegen, we argue that the human … recently developed concept of Dedicated Innovation Systems (DIS). We conclude that traditional macro-level indicators are not …
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Schumpeter showed that the boom and bust cycles are intrinsically related to the functioning of the capitalist economy …. These boom and bust cycles are inherent to the rise innovation. Our paper analyses innovation cycles in a stock flow … paradigm. We present two models. The first one, as a tribute to Schumpeter s work, follows strictly Schumpeter s description of …
Persistent link: https://www.econbiz.de/10010343834
, where he was able to attend Schumpeter's lectures from 1948 to 1950. During this period, Sylos Labini read Schumpeter … aspects of Schumpeter's business cycle theory to which Labini draws attention. In the last section, I present Sylos Labini …
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modelling the innovation and technology adoption process we are able to match some stylized economic facts such as entry rates …
Persistent link: https://www.econbiz.de/10014203177
We construct a model of cyclical growth with agent-based features designed to study the network origins of aggregate fluctuations from a demand-side perspective. In our model, aggregate fluctuations result from variations in investment behavior at firm level motivated by endogenously-generated...
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complex relation between the wage-share and the innovation capabilities of theeconomy. …
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